Tax Law Blog

Every good thing must come to an end, and the Internal Revenue Service (IRS) Offshore Voluntary Disclosure Program (OVDP) is one of them.

Newly released documents illustrate the havoc created within a now-defunct Panamanian law firm after a whistleblower leaked 2.6 terabytes of data that pierced the veil around the money hiding habits of the world’s elite.

As attitudes and regulations around tax havens change, so does the language we use for addressing offshore tax holdings.

If you have investments in foreign banks or tax havens, the chances are good that you are aware of your offshore reporting obligations.  But if the acronyms FATCA and FBAR have you puzzled, we can help.

The deadline for voluntarily disclosing offshore assets is rapidly approaching. If you are aware, or suspect, that your offshore tax matters are not compliant, now is the time to act.

To identify and reduce tax evasion through offshore tax accounts, US citizens are required to annually report assets held in foreign bank accounts.  FATCA is a regulation that requires just such a filing.

Pretty much any kind of correspondence from the Internal Revenue Service (IRS) is enough to ruin at least lunch. Receiving notice of an IRS civil tax audit can send a quiver of anxiety through anyone. To provide a heads-up on avoiding tax...

Despite dogged pursuit of US citizens for tax fraud and hidden foreign bank accounts, the US ranks a global number two as a reliably safe place to stash secret cash.

In early June, the Internal Revenue Service (IRS) took a step toward helping those with late payments associated with the new section 965 transition tax.

Britain has finally given in to pressure to require greater transparency from its far-flung territories on tax concerns.

Offshore tax havens with lax regulatory environments are the bane of legitimate governments everywhere. Using these tax...